Professional Writers
We assemble our team by selectively choosing highly skilled writers, each boasting specialized knowledge in specific subject areas and a robust background in academic writing
Find The Best Nursing Paper Writers For Your Assignments
You Can order for custom written paper 24/7! by completig a form in 3 steps. Get those desired coursework assessment grades!
Posted: April 10th, 2022
Construct a sequential equilibrium for the bargaining game – Microeconomics
Construct a sequential equilibrium for the bargaining game – Microeconomics
Consider the following incomplete information variation on the Ru binstein model. Two players are bargaining over splitting $10.00. They take turns making offers, with discount factor 6 = .999999 applied every time an offer is rejected. Player 1 seeks to maximize her expeeted payoff. There is incomplete information about player 2. Player 1 assesses prob ability 7f that player 2 seeks to maximize his expected payoff, and she assesses probability 1 -7f that he will ask for $8.00 precisely every time he is able to offer, and he will resolutely turn down any offer that leaves him with less than $8.00.
(a) Construct a sequential equilibrium for this bargaining game for the case 7f = .2. (This is hard, but not impossible.)
(b) Construct a sequential equilibrium for this bargaining game for the case 7f = .8. (This is harder.)
(c) Construct a sequential equilibrium for every possible value of 7f (and, in particular, for 7f very close to one). (Good luck!)
Why choose us
You Want Quality and That’s What We Deliver
Discounted Prices
Our service is committed to delivering the finest writers at the most competitive rates, ensuring that affordability is balanced with uncompromising quality. Our pricing strategy is designed to be both fair and reasonable, standing out favorably against other writing services in the market.
AI & Plagiarism-Free
Rest assured, you'll never receive a product tainted by plagiarism or AI-generated content. Each paper is research-written by human writers, followed by a rigorous scanning process of the final draft before it's delivered to you, ensuring the content is entirely original and maintaining our unwavering commitment to providing plagiarism-free work.
How it works
When you decide to place an order with Nurscola, here is what happens: